part ii: hamilton vs. jefferson & the first political parties
Post on 25-Feb-2016
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Jefferson & Hamilton debatedpolitics Argue &
Discuss
process & method of making decisions
How can the USA pay their war debts?
Hamilton comes up with aplan for a fiscally strong nation
involving financial matters
Sell Public Land Tax on Whiskey Tariff
Bank of the USA(National Bank)
Federal Gov’t payState debts
Bonds
A bank owned by the Federal Gov’t
Bank not in Constitution!It cannot be done!
Paying speculators would hurt the poor!
Federal Gov’t too much power!
Hamilton’s Plan usedCAPITAL MOVED TO SOUTH (Wash. D.C.)
GW gets them to compromiseA middle wayboth sidesget something
Political PartiesBorn out of Jefferson & Hamilton’s debates“Federalists”: Hamilton’s ideas“Republicans”: Jefferson’s ideas
Group of politically likeminded people who work to elect candidates
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